The 10th edition of Intex India concluded successfully at Pragati Maidan, New Delhi with textile manufacturers and suppliers from over eight countries showcasing innovative, fashionable and sustainable textiles. Traders and buyers from over 22 countries visited the show looking to source a wide variety of textiles from India and international markets. The three-day sourcing event took place from December 8 to 10 December.
A busy show that generated good business
Buyers’ delegations from over 22 countries including Italy, Spain, US, Canada, Russia among others attended the show. Over 4,252 trade buyers from across India and the world were present. More than 150 companies from over eight countries exhibited and with business over $650 million business expected to have been generated. As Arti Bhagat, Executive Director, Worldex India and organiser of Intex India said, “We are pleased to launch Intex in India and to see the participation of many high-calibre exhibitors and large numbers of international buyers here. There were a number of fruitful business meetings organised and many business deals closed successfully creating a positive atmosphere all round at Intex India. The exchanges at the fair have once again made it clear that there is a strong need for an international platform like Intex to showcase and promote strengths and opportunities in the textile and apparel industry of India.”
India today is as a world leader in textiles, a key element of the global value chain being the world’s fifth-largest exporter for apparel, home, and technical textile products. Over the last few years, Indian industry has dramatically increased production to fulfil increasing demands of domestic as well as export markets. India is targeting growth at 8 per cent CAGR reaching $100 billion by 2030. This target would help India double its share of the global textile and apparel trade from the current level of 5per cent.
Aims to accelerate growth
With growing demand for man-made fibre (MMF) textiles as a substitute for cotton amid changes in global fashion trends, Intex India exhibition offered international manufacturers and suppliers opportunities to explore new business and investment avenues in India under this sector and increase their supply-chain to fulfil the demand for sourcing innovative, eco-friendly and functional textiles which is much needed by the Indian apparel and fashion industry. Further, to increase its global market share, Indian manufacturers are producing a value-added range of garments and fashion accessories for the global buyers to increase their sourcing from India and reduce their dependency from China.
Also, Intex platform assists domestic apparel industry to offer high-value and sustainable garments to the fashion conscious and high-spending Gen Z and millennials consumers. Intex India is organised with the purpose of accelerating this growth by supporting it through a strong business platform. The show saw the presence of international suppliers from China, Korea, Thailand, Belarus, Italy, US, Vietnam, Uzbekistan, Sri Lanka, Bangladesh among others.
Buyer-seller meets a high point
The 10th edition was jointly organized by Federation of Indian Chambers of Commerce and Industry (FICCI) under the aegis of the Department of Commerce, Ministry of Commerce along with Worldex India Exhibition and Promotion. A ‘Reverse Buyer Seller Meet’ (RBSM) was jointly organized offering Indian exhibitors a platform to promote latest collections and connect with global buyers. It empowered Indian textile players to scout for new business in developed and emerging markets, forge international connections, explore new markets opportunities, learn about buyers’ requirements and stay up-to-date with industry developments.
Over 500 B2B meetings were organized between the international buyers and Indian exhibitors over three days. These will gave a boost to India’s textile exports by $650 million in coming years; increasing our export base and creating employment opportunities by supporting the ‘Make in India’ program.
In order to boost to micro and small entrepreneurs’ in the textile sector, Ministry of Micro, Small and Medium Enterprises (MSME) extended their support to qualified MSMEs at Intex India. More than 48 exhibitors joined the show to promote their textile and apparel strengths and expand their domestic and international presence through.
Participants at the MSME Pavilion were overwhelmed with the sale enquiries they received from international and domestic buyers. Some leading Indian exhibitors were: Reid & Taylor, Alok Industries, Luckshmi Yarn Impex, Sky Textiles, Ginza Industries, Texperts India, Fashinza, Gini Filaments amongst others. ReshaMandi was the official online sourcing partner of Intex India 2022.
Over 85 per cent participating exhibitors were satisfied with buyers’ footfalls – both domestic and international they connected with during the show; more than 90 per cent buyers’ were able to find textile companies matching their requirements and were satisfied with the diverse product range showcased at Intex India.
Some Leading international buyers that attended the show included KOMAR Brands from the US, TWO MAD from Switzerland, Sewkit from Russia, NUNINE from France, Hela Clothing from Sri Lanka), TESCO Sourcing (Sri Lanka), and more.
B2B meetings, trends and knowledge sessions were organised at the Interactive Business Forum (IBF) Seminar Series and ‘Trendz Now’ – the colour, fabric and fashion forecast showcase. Presentations were made by Italtex (Italy), Pantone (USA) and Orsha Linen Mills (Belarus) that offered the attendees valuable insights from the industry experts on 2023-24 fabric and fashion trends, colour trends and working of Pantone Connect as well as new market opportunities in India for sustainable textiles, thus, creating a premium and complete B2B international textile trade & sourcing platform.
Intex South Asia is now well established as the region’s premier international textiles sourcing platform, which is successfully held in key markets of South Asia like Bangladesh, Sri Lanka and India and would become the annual calendar event for South Asia’s textile and apparel industry. The 2023 edition will be Intex South Asia in Bangladesh, Sri Lanka and India.